AXA completes $15.3bn acquisition of XL Group

AXA has closed its USD 15.3 billion acquisition of XL Group, creating the largest global P&C commercial lines insurer by gross written premiums in 2018. The deal reshapes AXA's balance between life, health and P&C, and folds a major global specialty and reinsurance platform into the group's capital and investment architecture.

Completion follows the Agreement and Plan of Merger signed…